Remortgaging in 2025: How to Lower Your Monthly Payments and Save Big

Whether you're feeling the pinch from rising living costs or just want a better deal on your home loan, remortgaging in 2025 could be the financial refresh you didn't know you needed. Think of it like this: your mortgage is probably your biggest monthly expense, so why wouldn't you want to make it cheaper?

What is Remortgaging?

Remortgaging means switching your current mortgage to a new deal, either with your current lender or someone new; without moving house. Homeowners usually remortgage to:

• Avoid paying too much when their fixed deal ends
• Reduce monthly payments
• Raise extra cash (for home improvements or debt consolidation)

Are You Overpaying Right Now? If your fixed-rate mortgage has ended, there's a good chance you're now on your lender's Standard Variable Rate (SVR), which is almost always higher. Switching from an SVR to a new deal could save you £100–£300 a month or more, depending on your balance and rate.

When Should You Start the Remortgaging Process? Start looking 3–6 months before your current deal ends. This gives you time to compare, avoid being moved onto the SVR, and secure a new rate in advance.

What You'll Need to Remortgage:

• A copy of your current mortgage statement
• Recent payslips or self-employed tax returns
• Proof of ID
• Bank statements

Can You Remortgage with Bad Credit or if You're Self-Employed? Yes. In 2025, lenders are more flexible than ever. But knowing which lenders to approach is crucial.

Types of Remortgage Deals: {{ insert link to types of mortgages blog }}

Mistakes to Avoid:

• Waiting too long to start
• Only checking deals with your bank
• Ignoring fees
• Not using a broker for complex situations
• Jumping at the first offer

What To Do Next:

Book a free remortgage consultation. It could save you thousands.

Final Thoughts:

Remortgaging isn't just a financial decision—it's a way to take control of your future.